Todt: “For about seven out of 10 teams it will have no influence"

Jean Todt is optimistic that the budget cap set to be introduced in 2021 is a good thing but admits it is not going to affect the majority of the teams.

The budget cap is one of the biggest and most talked-about changes being introduced to the sport in 2021. The regulation changes are seen as Liberty Media's first big impact on the sport, having bought the product in 2017.

The deadline for the confirmed changes is set for the end of October and with the deadline rapidly approaching Jean Todt is glad the cap is finally agreed on.

“The most important thing [is] that finally we agreed on the principle,” Todt said as quoted by RaceFans.